Peak Oil News and Message Boards

Tanada wrote:Gasoline prices in my area have been wildly swinging the last three weeks. I had to go to a Doctor Appointment some 25 miles away and watched prices at the stations I passed go from $3.589/gallon all the way down to $3.229/gallon but not in any rational manner. They went down and up almost at random between those two prices often at stations separated by less that two miles from one another traveling mostly on interstate expressways.

Ohio has always struck me as weird in terms of their prices versus others. I use the turnpike along the south side of the lake fairly often, and it has crazy prices by default of a captured market, but sometimes Columbus is quite reasonable as well as the I-70 corridor, and other times just as bad as everywhere else. Except Pennsylvania. Pennsylvania seems to always be awful. I usually fill up in Ohio, try and avoid doing it in Pennsylvania, and then hit Ohio again on my way west.

During a chaffeur job for the wife last night, I was required to roam north of my usual stomping grounds. Noticed that prices for gasoline seemed a bit higher where I was, and paid closer attention to all fuel prices all the way back. Turns out, while the prices to the north were higher in general, it appears to be that there has been some backsliding of Go Brandon policies responsible for prices going down in my previous reporting. I would say there has been a + $0.05-$0.10/gal uptick in local regular unleaded since the lows I last reported.

It is obviously Sleepy Joe's fault. He has somehow managed to drive the price of crude higher over the last month, resulting in higher prices. The insidious plan was undoubtedly contained on his laptop. After the political party that can't shoot straight figures out how to vote in a leader (at least it occupied them enough so they didn't send out a smoke signal for help to sack the Capital on the 2 year anniversary of the last time they tried out that tactic) maybe we can move on to more interesting political topics like Sleepy Joes plan to deliver dropping gas prices in time for Christmas, but allowing them to rise the month after, for some illegal reason or another.

Upon a recent reconnoiter within the last day or so to firm up the recent increase in the neighborhood. After inspecting the usual stations, I'd estimate that local prices i.e. those I've been checking before, are up somewhere between $0.10-$0.15/gal regular unleaded.

Stop Brandon, stop!

More pain at the pumps in 2023

Declining refining capacity becoming more important factor in high gas prices.

The price of regular gasoline in the U.S. is more expensive than year ago levels, according to data from the U.S. Energy Information Administration (EIA), AAA Gas Prices, and GasBuddy. In its most recent gasoline and diesel fuel update, which was released on January 23, the EIA pegged the U.S. regular gasoline price at $3.415 per gallon. The fuel update highlighted that this figure was $0.092 higher than a year ago.

Gasoline Price More Expensive Than Year Ago Levels

AdamB wrote:The price of regular gasoline in the U.S. is more expensive than year ago levels, according to data from the U.S. Energy Information Administration (EIA), AAA Gas Prices, and GasBuddy. In its most recent gasoline and diesel fuel update, which was released on January 23, the EIA pegged the U.S. regular gasoline price at $3.415 per gallon. The fuel update highlighted that this figure was $0.092 higher than a year ago.

Gasoline Price More Expensive Than Year Ago Levels

And of course it is way more expensive then the day Biden took office.($2.17/g) And now that they have depleted the SPR they can't sell that oil again to China so now market forces come into play and we can expect $4.00 or even $5.00 gas in the next year or two.
I'm surprised the Democrats don't realize that that is going to cost them a lot of votes come 2024.

Ahhh, the old Blame a politician game, like a demented pedophile somehow controls the world's oil price. I can just see him now, sitting in the oval office plotting the demise of the American project. Ha Ha Ha

Of course I blame that one politician that has control over the last marginal barrel of the world's oil supply.
His dream of replacing fossil fuels is OK but he forgot, not surprisingly considering his declining mental ability,to get the alternative up and running before cutting off the working supply. ,

vtsnowedin wrote:Of course I blame that one politician that has control over the last marginal barrel of the world's oil supply.
His dream of replacing fossil fuels is OK but he forgot, not surprisingly considering his declining mental ability,to get the alternative up and running before cutting off the working supply. ,

So Biden is in control of the global supply and demand for oil, and the global production and demand for BEV's? Or anything REMOTELY in that ballpark?

If you actually believe anything like that (beyond the usual political cheerleading both sides do), look in the mirror re declining mental status.

vtsnowedin wrote:Gasoline Price More Expensive Than Year Ago Levels

And of course it is way more expensive then the day Biden took office.($2.17/g) And now that they have depleted the SPR they can't sell that oil again to China so now market forces come into play and we can expect $4.00 or even $5.00 gas in the next year or two.
I'm surprised the Democrats don't realize that that is going to cost them a lot of votes come 2024.[/quote]
Of course, no matter WHAT Biden did, your ilk would be whining about it, in an attempt at political gain, so there's that. (Both sides do it, but it's all too shallow and predictable).

Your ilk (re the Fox News crowd, et al) has been claiming instadoom on oil prices since WTI crude hit $120ish a good ELEVEN months ago, and yet, here we are $40 below that, and it's been remarkably stable as a trend for months now. ($80 is close to the average price and fairly close to the actual price for the past 6 months now, re me eyeballing a WTI chart).

https://tradingeconomics.com/commodity/crude-oil

And aside from complaining, do you have any actual specific policy ideas which would dramatically lower the price of crude oil on a sustainable basis? It seems to me that OVER TIME, tax credits encouraging more BEV sales is an example of a policy that will help -- but these things take TIME to play out.

And aside from complaining, do you have any actual specific policy ideas which would dramatically lower the price of crude oil on a sustainable basis?

For starters just repeal every order and policy decision the Biden administration has foisted on us.
I was not broke so they should not have tried to "Fix it".

vtsnowedin wrote:

And aside from complaining, do you have any actual specific policy ideas which would dramatically lower the price of crude oil on a sustainable basis?

For starters just repeal every order and policy decision the Biden administration has foisted on us.

Do we really want the The Greatest Recession Since The Great Depression back? Crashed oil production? Huge federal budget deficits? 14.7% unemployment? Are you sure you want all that back, because while a retiree without much going on or needing to work, it might seem like some things are bad, but those millions of workers who wouldn't be, the stock market hammered, huge federal deficits, why would we want all those back? You figure he should have just sat in office with his thumb up his backside and continued the policies that gave us those deficits and unemployment numbers? Even without trying to overthrow the government, I dunno....

vtsnowedin wrote: I was not broke so they should not have tried to "Fix it".

Oh course YOU weren't so broke, but you weren't those tens of millions thrown out of work by the prior administrations stunts, let alone spending all that deficit money to accomplish it.

It was not broke. My typing sucks.
You keep trying to blame the results of covid on Trump so look back to December 2019 just before Covid hit. Unemployment was at 3.5% GDP for the year was +2.3%. Inflation was just 2.3% and gasoline cost an average of $2.55/g. The GOP tax cuts were in effect saving me 15% on my federal income taxes.
So yes I would like to return to all the policies pre Biden just not with Trump anywhere near the oval office.

vtsnowedin wrote: You keep trying to blame the results of covid on Trump so look back to December 2019 just before Covid hit.

Sorry, I just continue to apply "The Rule of VT". The administration in charge gets the credit. And the blame. Nothing more. If you don't like your own rule, feel free to prove it at any time, and I will then be forced to follow. As it is your rule, and I can only learn that it has changed when you loosen the rules of it.

Certainly the mismanagement of Covid hits two administrations, the one that didn't get the opening right other than fast tracking vaccines (and creating customers who didn't want it) and the other for making up a distribution plan because the other one didn't do anything except write a check for the vaccines.

Back on topic...with a local refinery out of action, prices have skyrocketed in my area. My standard station I see regularly is now at $4.09/gal regular unleaded. I think it was one of the hi-$2.80 or so stations back when prices are lower.

Of course, The Rule of VT says it is all Biden's fault, but like many other things that is just reverse partisanship run amuck, the Commerce City refinery is out of action, and fuels are being trucked in from farther away refineries, and it is hitting the cost.

Goood thing I've got two EVs, and BOTH are currently in action. That is relatively rare, usually one sits and we mostly use the smaller one.

I paid $3.99 for 92 octane a couple of days ago.

Serial_Worrier wrote:I paid $3.99 for 92 octane a couple of days ago.

Local regular unleaded is down to $3.79/gal. Local refinery still isn't up and operating, but the transport of the stuff in from out of state is getting more efficient.

The price of gas has been slowly going up again since Joe Biden stopped dumping oil from the US strategic petroleum reserve onto the market.

But I'm surprised it didn't jump even more after Ukraine sent one of their brave little sea drones out to sink a Russian oil tanker.

Obviously the Biden administration is concerned about oil supplies and oil tankers....they just moved substantial naval reserves into the Persian Gulf to try to stop Iran from hijacking oil tanker there......

But I don't see any similar steps being taking in the Black Sea to stop Ukraine from sinking Russian oil tankers. In fact, rumor has it the Biden administration had US intelligence agnencies track the Russian oil tanker so we could tell the Ukrainians where it was so they could go sink it.

SO.......does that mean it's now "open season" on Russian oil tankers?? Are the US and Ukraine going to go after other Russian oil tankers?

And what will that do to the price of gasoline??


A brave little Ukrainian sea drone blew up a up massive Russian oil tanker in the Black Sea two days ago.....after US intelligence agencies told them where the tanker was........

Cheers!

Plantagenet wrote:A brave little Ukrainian sea drone blew up a up massive Russian oil tanker

There's nothing brave about sending an unmanned drone to take down an unarmed tanker.

mousepad wrote:

Plantagenet wrote:A brave little Ukrainian sea drone blew up a up massive Russian oil tanker

There's nothing brave about sending an unmanned drone to take down an unarmed tanker.

Plant thinks in terms of like...Disney cartoons. Brave little inanimate objects....against all odds....

Meanwhile in Australia, our Gasoline (petrol) prices have remained constant over the past few years. They trade in a range of $1.80~$2.20/L $2 at the moment. This is a consequence of the $Au going up and down against the $US. The basic equation is when the $US gets weak in world currencies Oil and gold and all else priced in the buck goes up up up. But when your local currency goes up up up as well, the oil price, hence the petrol price, stays fairly constant.

I remember when our petrol went over $1/L It was over 20 years ago, a big event because many of the pumps had to be replaced because they didn't have enough digits on their tumblers to cope. It was a real Y2K event unlike the Hoax one that was fabricated to sell off billions worth of old computer stock and software just before prices plummeted in the new millennia. I'm no IT guy but I remember resetting my old computer's clock to a date in the new millennia and it didn't blow up! But of course I don't watch TV, even back then, so all the Fear and doom propaganda hadn't overpowered my ability to reason. I remember old mate going and wasting $5000 on a new one which he could have bought 6 months later for $2000. Such is the gullibility of womankind.

Ten years after the petrol price cracked a dollar it went to $2.20 odd. That was a shock That was the Peak Oil moment



Then it fell way down, then began it's inexorable climb again, but not as rapid as many other commodities or basic consumer items. The simple fact that oil is so cheap today considering it's absolute necessity for modern life is no surprise. Many have been pushed off the wagon so to speak and no longer consume it. Then there are the efficiency gains of modern engines across the board. All in All I think $2/L is a fair price, a good price, a great price in fact providing you don't have a crappy city lifestyle where you have to commute 6 or 700 km a week to work and back.

When I awoke to peak oil, back in 2005 abouts I quickly got rid of my two V8's and bought a 4-cyl car and 4-cyl bike. A real bike, a Japanese bike, not a stupid 1950's designed Harley. Not many down here ride those puss buckets, just the old outlaws and those that have never really ridden and think it's all about image 'Bro'. Accountants having a midlife crisis, middle-aged plumbers who want to feel tough on the weekend, typically short men. I also began accumulating Gold back then. Petrol has gone up 100% since but Gold has gone up over 400%. One day in the future I'll probably start selling some of that gold to fund my ongoing retirement, I've certainly finished buying it after 18 odd years, it and silver.